First Horizon Advisors Inc. Makes New $2.41 Million Investment in Fiserv, Inc. (NYSE:FI)

First Horizon Advisors Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,170 shares of the business services provider’s stock, valued at approximately $2,414,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Fiserv by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after acquiring an additional 789,232 shares during the last quarter. Northern Trust Corp boosted its holdings in Fiserv by 2.7% in the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock valued at $724,848,000 after purchasing an additional 168,286 shares during the last quarter. Invesco Ltd. boosted its holdings in Fiserv by 5.2% in the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after purchasing an additional 258,036 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Fiserv by 1.8% in the 3rd quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock valued at $377,357,000 after buying an additional 60,176 shares during the period. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $400,079,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last 90 days. 0.75% of the stock is owned by insiders.

Fiserv Trading Up 0.0 %

Shares of NYSE:FI opened at $149.22 on Friday. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50 day moving average is $152.77 and its two-hundred day moving average is $138.79. The company has a market cap of $87.31 billion, a PE ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. Equities analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on FI shares. StockNews.com started coverage on Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating for the company. KeyCorp raised their price objective on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Truist Financial upped their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Royal Bank of Canada upped their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.